€853 million of EIB investments in the Western Balkans in 2021 News | WeBalkans

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9/02/2022

€853 million of EIB investments in the Western Balkans in 2021

Albania
Bosnia and Herzegovina
Kosovo
Montenegro
North Macedonia
Serbia

In 2021, the European Investment Bank Group (EIB), the European Union’s bank, invested €853 million across the Western Balkans for sustainable development, the green transition, digitalisation and support for small businesses. In 2021, the EIB provided €560 million for small and medium-sized companies in the region to help maintain liquidity, continue with investments, retain jobs and create new employment opportunities. These funds were available under affordable, long-term and flexible conditions as part of the Team Europe financial package for a faster COVID-19 recovery for the region.

 

As the EU climate bank, the EIB also scaled up its technical and financial support to focus on the preparation and implementation of climate and sustainable projects, in line with the EU Economic and Investment Plan for the Western Balkans. In 2021, it unlocked a total of €257 million for environmental protection, more secure and efficient energy networks, sustainable transport and the introduction of climate-friendly projects among small companies.

 

With €200 million invested in digital projects in the region since 2020, the EIB has enabled smart, resilient and inclusive growth. EIB investments address the region’s digital gap and allow upgrades to the existing 4G network and introduction of the 5G network, as well as digitalisation of over 1,500 schools and the development of digital skills.

 

The European Investment Bank is the European Union’s long-term lending institution, owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals.

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Source: EIB

Photo credits: EIB

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